NET
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Cloudflare Inc. (NET) closed at $173.21 as of 2026-02-02, trading 72.5% above its 200-week moving average of $100.41. The stock is currently moving closer to the line, down from 77.2% last week. With a 14-week RSI of 21, NET is in oversold territory.
Over the past 286 weeks of data, NET has crossed below its 200-week moving average 5 times. On average, these episodes lasted 19 weeks. Historically, investors who bought NET at the start of these episodes saw an average one-year return of +70.6%.
With a market cap of $60.7 billion, NET is a large-cap stock. The company generates a free cash flow yield of 0.6%. Return on equity stands at -8.9%. The stock trades at 45.0x book value.
Share count has increased 6.6% over three years, indicating dilution.
Over the past 5.6 years, a hypothetical investment of $100 in NET would have grown to $498, compared to $214 for the S&P 500. That represents an annualized return of 33.3% vs 14.6% for the index — confirming NET as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: NET vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NET Crosses Below the Line?
Across 5 historical episodes, buying NET when it crossed below its 200-week moving average produced an average return of +83.6% after 12 months (median +67.0%), compared to +13.0% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +32.0% vs +39.5% for the index.
Each line shows $100 invested at the moment NET crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NET has crossed below its 200-week MA 5 times with an average 1-year return of +70.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 2022 | Aug 2022 | 13 | 42.1% | -32.8% | +164.0% |
| Aug 2022 | Nov 2023 | 65 | 41.5% | -13.9% | +152.8% |
| Apr 2024 | Jun 2024 | 8 | 14.8% | +67.0% | +132.8% |
| Jul 2024 | Aug 2024 | 4 | 4.6% | +150.9% | +120.2% |
| Sep 2024 | Sep 2024 | 4 | 7.2% | +182.0% | +127.8% |
| Average | 19 | — | +70.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02